Summary: The Department of Labor discovered that Dean Sausage Co.’s meat processing facility in Atalla, Alabama repeatedly violated safety standards, exposing employees to unsafe working conditions over the past three years. Recent citations from the Occupational Safety and Health Administration…
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Summary: Danone, a dairy giant, has increased its offer to acquire the remaining shares of kefir products maker Lifeway Foods for approximately $307 million, or $27 per share. This offer comes after Danone’s initial proposal of $283 million, or $25…
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New Update: Lamb Weston is set to close an older processing facility in Connell, Washington and reduce production across North America, resulting in a 4% reduction in its workforce, equivalent to 428 jobs. As of July 17, the Idaho-based company…
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Danone Offers to Acquire Lifeway Foods Danone, a major player in the dairy industry, has made a cash offer of $25 per share to acquire the remaining stock of kefir products maker Lifeway Foods that it does not already own.…
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Brown-Forman Corp., a renowned Kentucky-based alcohol manufacturer known for brands like Jack Daniel’s, recently announced its decision to discontinue several diversity, equity, and inclusion programs due to evolving legal and external circumstances. This move, confirmed by a company spokesperson in…
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Food News
You can’t ‘replicate a Celsius’: How the energy drink maker evolved from an unknown to category giant
When John Fieldly became the CFO of Celsius Holdings in 2012, the company was a newcomer in the competitive energy drink market. With minimal market share and a market capitalization of only $5 million, Celsius faced an uphill battle against…
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Summary: Athletic Brewing recently closed a $50 million equity financing round led by General Atlantic and other investors, bringing its valuation to around $800 million, as reported by The Wall Street Journal. The nonalcoholic beer company plans to utilize the…